Relating to the revival of a filing entity's corporate privileges and the reinstatement of the entity's certificate of formation following certain forfeitures under the Tax Code.

SB 2697 amends Texas Business Organizations Code Section 11.254 to clarify procedures for businesses whose corporate privileges were forfeited under the Tax Code for failing to file reports or pay taxes. It requires these businesses to follow Tax Code procedures to revive their privileges and reinstate their certificate of formation, ensuring they are treated as if they continued in existence without interruption from the forfeiture date. The bill specifies that revival or reinstatement does not affect the personal liability of business officers during the forfeiture period. This procedural update directly affects Texas business entities facing tax-related forfeiture of their legal status.